In December, consumer prices remained unchanged over the previous month, which marked the second consecutive month with consumer prices unaltered. The subdued figure was the result of higher prices for food and non-alcoholic beverages, as well as for alcoholic beverages and tobacco, which were offset by declining prices for clothing and footwear, as well as for transport. Annual inflation edged down from 4.2% in November to 4.0% in December, which was slightly below market expectations that had inflation inching down to 4.1%. The reading represented the lowest level observed since February 2011. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) inched down from 4.0% in November to 3.9% in December, which drove annual average HICP inflation to 4.2%. The Central Bank expects HICP inflation to average 2.8% this year.
Inflation falls to 10-month low in December
January 9, 2012
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Latvia Economic News
October 10, 2016
In September, consumer prices increased 0.4% from the previous month, which contrasted August’s 0.6% decrease.
October 4, 2016
Industrial production in Latvia contracted 0.6% year-on-year in August, which contrasted the 2.6% increase in July.
September 8, 2016
In August, consumer prices fell 0.6% over the previous month and came in below July’s 0.3% decrease.
September 5, 2016
Industrial production in Latvia grew 2.7% year-on-year in July, which was down from 7.9% increase in June.
August 31, 2016
In the second quarter, Latvia’s economy increased 2.1% year-on-year, according to a revised set of data released by the Statistical Institute on 31 August.